Page 9 - Automobile Manufacturer

Automobile giant TVS Motor expands in Iraq, launches two new products

TVS Motor Company on Monday said it will launch two new products in Iraq as part of its expansion plan in that country

Chip shortage to cost automakers $110 bn in revenues in 2021: AlixPartners

The global semiconductor chip shortage will cost automakers $110 billion in lost revenues this year, consulting firm AlixPartners said, as it forecast the crisis will hit the production of 3.9 million

Long road to recovery: Covid-19 lockdown hits vehicle sales, shows data

Sales of two-wheelers during April stood at 995,097, 39 per cent lower than in April 2019

Covid-19: Honda Cars advances maintenance shutdown of manufacturing plant

Honda Cars India on Thursday said it is advancing maintenance shutdown at its Rajasthan-based manufacturing plant by around ten days in the wake of second wave of Covid

Ashok Leyland scales down production across plants as demand dips

Hinduja group flagship Ashok Leyland on Monday said it has curtailed production at its manufacturing plants due to dip in demand with second wave of Covid-19 sweeping across the country.

Kia lines up new model for Indian market; plans to ramp up sales network

South Korean auto maker Kia plans to introduce new models, enhance sales network and also ramp up production capacity to reduce the waiting period on the existing product range

Automakers firm up measures to safeguard workforce amid Covid-19 surge

As the second wave of COVID-19 continues to wreak havoc across the country, leading automobile companies have initiated various steps to safeguard their workforce from the highly infectious disease. With a spike in the number of cases, companies like Maruti Suzuki, MG Motor, Hero MotoCorp and Honda Motorcycle & Scooter India have already announced temporary suspension of production work at their respective manufacturing facilities to break the transmission chain. Others, who are still manufacturing, are taking multiple precautions like cutting down on the production by reducing the number of people in the factories as well undertaking various welfare schemes. The country's largest automobile company Tata Motors told PTI that the company remains vigilant about the evolving COVID situation and has scaled up efforts to enhance the well-being of its personnel and its business as well as supporting the ecosystem. Keeping employee safety foremost, standard operating procedures have ...

Martin Uhlarik to succeed Pratap Bose as Tata Motors global design head

Tata Motors on Thursday announced the appointment of Martin Uhlarik as the company's new Global Design Head

TVS Motor reports four-fold increase in Q4 profit to Rs 319 crore

This came on the back of robust sales in the domestic and international markets.

Maruti profit skids 10%, but company remains upbeat despite Covid 2nd wave

Chairman R C Bhargava says local lockdowns and curfews have so far not had any impact on production and retail demand continues to outpace supply

Hero MotoCorp halts production all across as precautionary measure

Firm says shutdown is due to massive and unrestrained spread of Covid-19 across the country

Auto major Hyundai targets Creta customers with seven-seater Alacazar

The new SUV is being pitched as a premium car; company is expected to launch it with both petrol and diesel powertrains

Harley-Davidson quarterly sales rise 10%, helped by higher shipments

The company's total revenue rose to $1.42 billion in the quarter ended March 28

Domestic auto sales in India go below 2015 levels amid Covid-19 crisis

The situation was not very different globally

Mahindra reaffirms faith in South African market with new facility

Mahindra South Africa has reaffirmed its faith in the South African market by opening a new national parts warehouse that is a third larger than its old facility

PV retail sales rise 28% YoY, 2-wheeler registrations dip 35% in Mar: FADA

Automobile dealers body on Thursday said PV retail sales in March witnessed a growth of 28.39% to 2,79,745 units, as compared to year-ago period which saw disruptions due to Covid-19 led lockdown

Competition among auto cos address issue of vehicle scrapping sops: Gadkari

In a Q&A, the Union minister of road transport and highways says scrapping centres will become an entire industry on their own, subject to state and central rules

Car buyers in India moving up value chain despite salary cuts, job losses

Maruti Suzuki India (MSIL), the market leader, has seen the contribution of mid- and top-end variants as the percentage of a model's sales mix goes up

Renault begins sales of SUV Kiger; delivers over 1,100 units on first day

The Indian arm of French automaker Renault has begun the commercial sales of its SUV Kiger with more than 1,100 units of the vehicledeliveredto customerson the very first day,the company said on Wednesday. The all-new Renault Kiger is currently available for bookings across the company's dealership network of over 500 outlets pan-India besides through its website, Renault India said. "Today (Wednesday),more than 1,100 Renault KIGERcars were delivered to the customers across India on the first day of commencement of sales," the company said. With Kiger,Renault has successfully launched yet another breakthrough product, targeted at the core of India's automotive market," saidVenkatram Mamillapalle, Country CEO & Managing Director, Renault India Operations. Following Duster, which made SUVs accessible to a large set of people, not just in India but across the world, Kiger is all set to make SUV aspirations accessible to a whole new set of customers, he said.

Honda Motorcycle reports 29% surge in total sales in February

Honda Motorcycle & Scooter India (HMSI) on Monday reported a 29 per cent increase in total sales at 4,42,696 units in February. The company had sold a total 3,42,021 units in the same month last year, HMSI said in a statement. Domestic sales last month stood at 4,11,578 units as against 3,15,285 units in February 2020, a growth of 31 per cent, it added. "While the industry growth is expected to hover near the double digits in Q4 and upcoming Q1 due to the low base of BSVI transition, Honda continues to drive the 2Wheeler demand recovery for second straight month of 2021," HMSI Director (Sales and Marketing) Yadvinder Singh Guleria said. The company is confident of maintaining the positive sales momentum in coming months too, with three new models (CB350RS, 2021 Africa Twin Adventure Sports, Grazia sports edition) exciting the market, he added. The two-wheeler major said its exports grew 16 per cent last month to 31,118 units as compared with the year-ago period.